Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $6,197,000 for the refinancing of Maryland Park, a 135-unit multifamily property located at 1101 Dumont Boulevard in Las Vegas, Nevada.
Michael Derk, executive managing director in MMCC’s Nashville office secured the financing with a local credit union on behalf of a private client.
Terms of the 10-year loan include a 6% interest rate with 30-years amortization and a loan-to-value of 50%.
The gated property is located minutes from the University of Nevada Las Vegas and features one-bedroom apartments. On-site amenities include a pool, laundry, a courtyard, a grill and a picnic area.
About Marcus & Millichap Capital Corporation
Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: marcusmillichap.com/financing.
